The Impact of Microfinance Interventions: A Meta-analysis
The evidence base on the impact of microfinance interventions is quite large and is accompanied by a high level of heterogeneity making it difficult to draw a general conclusion on the effects of microfinance. Based on 1,111 extracted estimates of microfinance's effects from 31 individual studies, we address this challenge using meta-analysis tools to synthesize the evidence on the impact of microfinance on poverty, empowerment, microenterprises, education and health. After controlling for within and between-study dependence and publication selection bias, precision effect and funnel asymmetry test (PET/FAT) results indicate that microfinance generally has a positive effect on indicators like assets, income, women's status, education and consumption/expenditure. On the other hand, after controlling for moderating variables, multivariate meta-regression analysis (MRA) results report a marginal adverse effect of microfinance on poverty measured by assets, income and consumption/expenditure, but a moderate positive effect on microenterprises is observed. MRA results also support the evidence presented by the PET/FAT analysis for microfinance and empowerment after controlling for moderating variables; however, adverse effects are observed for education and health.
|Date of creation:||Apr 2014|
|Contact details of provider:|| Postal: Department of Economics, Monash University, Victoria 3800, Australia|
Web page: http://www.buseco.monash.edu.au/eco/
More information through EDIRC
|Order Information:|| Web: http://www.buseco.monash.edu.au/eco/research/papers/ Email: |
When requesting a correction, please mention this item's handle: RePEc:mos:moswps:2014-03. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simon Angus)
If references are entirely missing, you can add them using this form.